Chapter 7 Bankruptcy Attorney Serving Boca Raton

Chapter 7 Bankruptcy Lawyer Serving Boca Raton

If you have trouble paying for your credit debt, overwhelmed with over due medical bills or can’t pay some other bills Chapter 7 Bankruptcy could get you a new brand new start.

If you file for Chapter 7 bankruptcy in Boca Raton you could most likely discharge the most common debts like medical bills, credit card balances, payday loans and other judgments that you might have. The bankruptcy attorneys at the Broderick Law Firm are focused on your unique needs and will assist you in getting quick relief from your financial mess.

Qualifying for Chapter 7 Bankruptcy

Bankruptcy laws in Florida require you to pass a means test which is basically the median income in the state of Florida. If your income is below the median income you will be able to file for Chapter 7 bankruptcy. But if your income is over the median income limit you could possibly still qualify after all your expenses are factored into your income. The Boca Raton bankruptcy attorneys at The Broderick Law firm can help you determine if Chapter 7 is the correct way to discharge your debts.

Chapter 7 bankruptcy does have some limitations as to what debts you can discharge. Some these include: IRS taxes, secured debts that are connected to your home or auto and child support overdue payments. You still might be able to keep some of your property if you make payment agreements with the bankruptcy court.

There are other benefits to filing Chapter 7 Bankruptcy in Bocan Raton. While a Chapter 7 filing can eliminate unsecured debt, it can also put a stop to:

Creditor harassment

House foreclosure

Eviction from home

Repossession of other property

Wage garnishments

Can I Lose My Property in a Chapter 7 Filing?

Chapter 7 bankruptcy filing is also know as liquidation bankruptcy due to the fact that a BK trustee can seize your assets to pay of any of your debts. But there are some restrictions as to what the bankruptcy trustee is allowed to do. They cannot take up to $1,000 of your car equity and other property you might own. We can help you determine if you can use exemptions that might allow you to keep some of your most prized possessions.

If by chance you do not qualify to file for Chapter 7 bankruptcy, we can explore the advantages of filing for Chapter 13 bankruptcy.